1383
Berg Earth co.,Ltd.
ベルグアース株式会社
Consumer Defensive · Farm Products
Berg Earth Co.,Ltd., an agribusiness company, produces and sells vegetable seedlings in Japan. It primarily offers vegetable grafting seedlings of fruits and vegetables. The company also engages in the home gardening and agricultural material business. Berg Earth Co.,Ltd. was incorporated in 2001 and is headquartered in Uwajima, Japan.
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Overview
Filings & Signals
Ownership
Financials
▾ Collapse Charts
Income Statement
Balance Sheet
Cash Flow
Ratios & Per Share
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Net Sales
¥7.3B
¥7.1B
¥7.1B
¥6.4B
¥5.4B
Cost of Sales
¥5.6B
¥5.4B
¥5.3B
¥4.9B
¥4.0B
Gross Profit
¥1.7B
¥1.7B
¥1.8B
¥1.5B
¥1.3B
SG&A
¥1.7B
¥1.7B
¥1.7B
¥1.6B
¥1.4B
Operating Income
¥-33M
¥22M
¥77M
¥-59M
¥-54M
Non-Operating Income
¥37M
¥54M
¥49M
¥34M
¥12M
Dividend Income
¥1M
¥1M
¥1M
¥1M
¥1M
Interest Income
¥1M
¥0M
¥0M
¥0M
¥0M
Non-Operating Expenses
¥33M
¥93M
¥19M
¥20M
¥15M
Interest Expense
¥16M
¥10M
¥10M
¥9M
¥8M
Ordinary Income
¥-29M
¥-16M
¥107M
¥-44M
¥-57M
Pre-tax Income
¥152M
¥89M
¥143M
¥234M
¥203M
Income Taxes
¥98M
¥44M
¥61M
¥38M
¥81M
Current Tax
¥67M
¥57M
¥82M
¥24M
¥15M
Deferred Tax
¥31M
¥-13M
¥-20M
¥14M
¥66M
Net Income (owners)
¥48M
¥40M
¥78M
¥202M
¥122M
Minority Interest
¥5M
¥5M
¥4M
¥-6M
¥-0M
Comprehensive Income
¥60M
¥54M
¥85M
¥192M
¥120M
EBITDA
¥260M
¥282M
¥352M
¥214M
¥189M
EPS
¥30.22
¥25.00
¥50.86
¥142.42
¥96.25
Shares Outstanding
1.6M
1.6M
1.6M
1.4M
1.3M
Shares Issued (total)
1.6M
1.6M
1.6M
1.4M
1.3M
Treasury Shares
0.0M
0.0M
0.0M
0.0M
0.0M
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Total Assets
¥6.1B
¥5.7B
¥5.7B
¥6.1B
¥5.1B
Current Assets
¥2.8B
¥2.8B
¥2.8B
¥3.0B
¥2.4B
Cash & Deposits
¥878M
¥924M
¥1.0B
¥1.1B
¥964M
Trade Receivables
¥1.1B
¥1.1B
¥955M
¥1.1B
—
Non-Current Assets
¥3.2B
¥2.9B
¥2.9B
¥3.1B
¥2.7B
PP&E
¥2.9B
¥2.6B
¥2.6B
¥2.8B
¥2.4B
Intangible Assets
¥67M
¥75M
¥61M
¥59M
¥47M
Investment Securities
¥36M
¥25M
¥25M
¥20M
¥28M
Total Liabilities
¥3.9B
¥3.6B
¥3.6B
¥4.4B
¥3.8B
Current Liabilities
¥2.0B
¥2.0B
¥2.1B
¥2.7B
¥2.3B
Accounts Payable
¥532M
¥546M
¥598M
¥945M
¥461M
ST Debt
¥971M
¥917M
¥943M
¥1.3B
¥1.1B
Taxes Payable
¥56M
¥25M
¥72M
¥32M
¥22M
Non-Current Liabilities
¥1.9B
¥1.6B
¥1.5B
¥1.7B
¥1.5B
Total LT Borrowings
¥1.4B
¥1.2B
¥1.1B
¥1.3B
¥1.2B
Pension Obligations
¥17M
¥16M
¥16M
¥15M
—
Deferred Tax Liab.
¥175M
¥141M
¥153M
¥172M
¥149M
Total Equity
¥2.2B
¥2.1B
¥2.1B
¥1.7B
¥1.2B
Capital Stock
¥729M
¥724M
¥724M
¥552M
¥331M
Capital Surplus
¥611M
¥606M
¥606M
¥433M
¥246M
Retained Earnings
¥795M
¥763M
¥739M
¥675M
¥441M
Treasury Stock
¥-33M
¥-33M
¥-33M
¥-33M
¥-0M
AOCI
¥13M
¥6M
¥-3M
¥-6M
¥-2M
Equity (owners)
¥2.1B
¥2.1B
¥2.0B
¥1.6B
¥1.0B
Minority Interests
¥59M
¥54M
¥49M
¥45M
¥230M
Total Interest-Bearing Debt ⓘ
¥2.4B
¥2.2B
¥2.1B
¥2.6B
¥2.3B
Net Cash ⓘ
¥-1.5B
¥-1.2B
¥-1.1B
¥-1.5B
¥-1.3B
NCAV ⓘ
¥-1.0B
¥-735M
¥-829M
¥-1.4B
¥-1.4B
NCAV/Share
¥-653
¥-460
¥-519
¥-992
¥-1,120
BV/Share
¥1,314
¥1,290
¥1,275
¥1,136
¥801
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Operating CF
¥330M
¥111M
¥177M
¥345M
¥482M
Interest Paid
¥-17M
¥-11M
¥-10M
¥-9M
¥-8M
Interest Received
¥2M
¥1M
¥1M
¥1M
¥1M
D&A
¥292M
¥259M
¥275M
¥272M
¥243M
Investing CF
¥-574M
¥-241M
¥-83M
¥-467M
¥-523M
CapEx
¥566M
¥230M
¥67M
¥450M
¥503M
Purchase Investments
¥-1M
¥-1M
¥-1M
¥-1M
¥-1M
Financing CF
¥197M
¥55M
¥-185M
¥49M
¥279M
Dividends Paid
¥-16M
¥-16M
¥-14M
¥-12M
¥-14M
LT Debt Repaid
¥-353M
¥-366M
¥-383M
¥-367M
¥-332M
Free Cash Flow
¥-236M
¥-119M
¥110M
¥-105M
¥-21M
Net Change in Cash
¥-47M
¥-69M
¥-91M
¥-78M
¥236M
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
ROE
2.3%
1.9%
4.3%
15.3%
12.7%
ROA
0.8%
0.7%
1.3%
3.6%
2.4%
EPS
¥30.22
¥25.00
¥50.86
¥142.42
¥96.25
DPS
¥10.00
¥10.00
¥10.00
¥10.00
¥10.00
BPS
¥1,322.13
¥1,293.88
¥1,273.11
¥1,131.74
¥799.60
FCF/Share
¥-147
¥-74
¥69
¥-73
¥-17
NCAV/Share
¥-653
¥-460
¥-519
¥-992
¥-1,120
Payout Ratio
33.1%
40.0%
19.7%
7.0%
10.4%
Event Timeline
S Shareholder
A Capital Signal
▾ Hide Chart
Large Shareholder Reports 12
Date Activist Stake Event Flag Demands Source
2025-10-01
kazuhiko yamaguchi
11.69%
-1.27%
change
Passive
—
2024-04-18
kazuhiko yamaguchi
12.96%
-0.42%
change
Passive
—
2024-03-26
kazuhiko yamaguchi
13.38%
-1.06%
change
Passive
—
2024-03-26
kaoru matsuoka
5.09%
correction
Passive
—
2024-03-04
kazuhiko yamaguchi
14.44%
-1.01%
change
Passive
—
2024-03-04
kaoru matsuoka
5.09%
change
Passive
—
2024-02-05
kazuhiko yamaguchi
15.45%
correction
Passive
—
2024-02-05
kazuhiko yamaguchi
15.45%
change
Passive
—
2024-02-05
kazuhiko yamaguchi
15.45%
change
Passive
—
2023-07-05
kazuhiko yamaguchi
15.76%
correction
Passive
—
2023-06-27
kazuhiko yamaguchi
15.76%
change
Passive
—
2023-06-21
kazuhiko yamaguchi
15.76%
change
Passive
—
Top 10 Shareholders
Ownership DNA
Cross-Holdings Tracker 1
#
Shareholder
Shares (thou.)
% of Total
1
山口 一彦
163,400
10.13%
2
アグリビジネス投資育成株式会社
113,600
7.04%
3
松岡 馨
70,025
4.34%
4
株式会社伊予銀行
60,000
3.72%
5
ベルグアース共栄会
53,900
3.34%
6
OAT Agrio Co., Ltd.
OATアグリオ株式会社
50,000
3.10%
7
Japan Custody Bank
株式会社日本カストディ銀行(信託口)
39,300
2.44%
8
Employee Stock Ownership Plan
ベルグアース従業員持株会
28,870
1.79%
9
株式会社高知前川種苗
25,600
1.59%
10
山口 眞由子
25,300
1.57%
Domestic Nominees
2.4%
-0.6% vs 2024
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
0.0%
+0.0% vs 2024
Sub-custodians for foreign asset managers
Direct / Strategic
36.6%
-1.7% vs 2024
Named entities with disclosed investment intent
Shareholder
Trend
2023
2024
2025
山口 一彦
13.90%
11.41%
10.13%
-1.28%
アグリビジネス投資育成
7.06%
7.06%
7.04%
-0.02%
松岡 馨
4.99%
4.60%
4.34%
-0.26%
式会社伊予銀行
3.73%
3.73%
3.72%
-0.01%
ベルグアース共栄会
3.24%
3.40%
3.34%
-0.06%
OAT Agrio Co., Ltd.
OATアグリオ
3.11%
3.11%
3.10%
-0.01%
Japan Custody Bank
日本カストディ銀行
3.57%
3.01%
2.44%
-0.57%
Employee Stock Ownership Plan
ベルグアース従業員持株会
1.76%
1.76%
1.79%
+0.03%
式会社高知前川種苗
1.65%
1.65%
1.59%
-0.06%
山口 眞由子
1.55%
1.55%
1.57%
+0.02%
Concentration (HHI)
ⓘ
323
254
220
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥24M
+123% since 2023
Holdings
1
Trend
Stable
vs 2023
Held Company
FY2025
¥24M total
FY2023
¥11M total
Book Val ¥M
Shares
Book Val ¥M
Shares
㈱伊予銀行
24
10,000
11
10,000
M
Portfolio total
24
11
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding